Economy

Marange gem collapse after govt takeover

Marange gem collapse after govt takeover

DIAMOND output at Chiadzwa have plummeted following the take-over of the Marange diamond fields by government early this year. According to Mines minister Walter Chidhakwa, 924,000 carats have been mined since government became the sole shareholder compared to 3,2 million carats in 2015. Chidhakwa said the drop was a result […]

Zimbabwe – money (or lack of it) again

Within five days of issuing a new currency in Zimbabwe, the cash ran out at commercial banks in many parts of the country. Last week Zimbabwe’s central bank released about $12 million of new cash, known as bond notes, and this money is supposed to have the same value as […]

Humble Msipa says NO to Heroes Acre

Humble Msipa says NO to Heroes Acre

FORMER Midlands Governor and Resident Minister Cephas Msipa, 85, who died in Harare Monday has been declared a National Hero. Msipa, in his later years, became openly critical of President Robert Mugabe’s rule and the Zanu PF strongman has often denied those who opposed him the country’s highest honour. Acting […]